South Africa policy rate in 2004 (1 changes)

Start of year8.00%

End of year7.50%Dec 31, 2004

Net change-50 bp0 hikes, 1 cuts

Average7.805%

Rank by level10 / 36

Changes in 2004

Date	From	To	Change
Aug 13, 2004	8.00%	7.50%	cut -50 bp

Compared with other areas at the end of 2004

Türkiye18%

Brazil17.75%

Romania17%

Russia13%

North Macedonia10%

Hungary9.5%

Mexico8.75%

Serbia8.5%

Iceland7.92%

South Africa7.5%

Philippines6.75%

Poland6.5%

New Zealand6.5%

Colombia6.5%

India6%

China5.58%

Australia5.25%

Kuwait4.75%

United Kingdom4.75%

Hong Kong3.75%

Israel3.7%

Morocco3.25%

South Korea3.25%

Peru3%

Malaysia2.7%

Saudi Arabia2.5%

Czechia2.5%

Canada2.5%

United States2.25%

Chile2.25%

Denmark2.15%

Euro area2%

Thailand2%

Sweden2%

Norway1.75%

Switzerland0.75%

Year-end rate over time

20267.25%

20256.75%

20247.75%

20238.25%

20227%

20213.75%

20203.5%

20196.5%

20186.75%

20176.75%

20167%

20156.25%

20145.75%

20135%

20125%

20115.5%

20105.5%

20097%

200811.5%

200711%

20069%

20057%

20047.5%

20038%

200213.5%

20019.5%

200012%

← 2003 2005 →

2004: hikes and cuts worldwide →

Daily policy-rate data compiled by the BIS. Not investment advice.